Centre's move to allow 1.5 million tonnes of sugar exports offers relief to a stressed sector grappling with ethanol allocation cuts, cane price hikes, and growing political pressure
In the past one week, the BSE Oil & Gas index up 3.4 per cent, as compared to 0.91 per cent decline in the BSE Sensex.
BPCL shares rose after it reported a 168 per cent Y-o-Y jump in standalone net profit at ₹6,442 crore for the second quarter
Both grain and sugarcane ethanol producers criticise OMCs' allocation for 2025-26, citing unfair distribution, capacity underuse, and potential negative impact on the sugar sector
In the past two months, the stock price of HPCL has gained 15 per cent after the company said June 2025 quarter (Q1FY26) witnessed a strong operational and financial performance.
The Supreme Court sought a response from the government and OMCs on a petition by biodiesel producers citing poor off-take, policy lapses and heavy losses despite set targets
China today has the largest refining capacity globally, with its refining capacity to reach 21 million barrels per day (mb/d) in 2025
The ₹300 per cylinder subsidy will be provided for up to 9 refills in FY 2025-26, benefiting over 10 crore PMUY consumers and ensuring affordable access to clean cooking fuel
BPCL, HPCL, IOC, Asian Paints, and other downstream oil companies' stock surged, while ONGC, Oil India dropped after Brent crude oil slipped 5 per cent
Technical chart shows that this oil-related India-listed stock - OIL India - can potentially rally up to 27% from here on as Crude Oil soars on Israel-Iran war fears.
National transporter Indian Railways was running special trains to handle increased traffic out of Jammu and Kashmir
Downstream businesses like the oil marketing companies (OMCs) and gas players gain
While Motilal Oswal Financial Services think the rally in OMC stocks is now entering the last phase, the brokerage firm still see a few positive catalysts.
Grains look to surpass sugarcane again as the primary feedstock for ethanol, a process that may be helped by government incentives to convert mills into dual-feed ones
Technically, HPCL, BPCL stock seem to be favourably placed on the charts with key support at ₹ 324 and ₹ 255, respectively. IOC stock chart however flags a caution sign.
OMCs to absorb extra cost, retail prices may be cut if global prices remain low, Minister says
The previous revisions came on 1 March, when commercial LPG prices were hiked by ₹6 after a reduction of ₹7 in February
US push to sell more energy to India coincides with stable global crude, LNG prices
Despite no Budget FY26 provisions, OMCs may be partially compensated for LPG under-recovery
BPCL to enter new non-fuel retail biz, develop large scale roadside amenities along new highways